Meta Inc Sacks 10,000 Nigerian Employees, Cuts Back Operations

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Meta Inc, the parent company of Facebook, has sacked 10,000 Nigerian employees and is cutting back its Nigeria operations. Meta, which also owns Instagram and WhatsApp, will reduce its office space in Lagos following global layoffs in mid-2023 that significantly impacted its Nigerian team.

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This According to three sources, at least 35 people were affected by these layoffs. Specifically, the engineering team, which had 24 employees as of a 2022 report, was completely laid off.

A company spokesperson informed TechCabal via email that engineers would continue to support the region from various global engineering hubs outside Nigeria. However, the spokesperson did not specify how many Nigerian employees were affected by the 2023 layoffs, which reduced the company’s global headcount by 20,000.

The downsizing has led Meta to renegotiate its tenancy agreement for office space in the 15-story Kings Tower building in Ikoyi, Lagos, aiming to reduce its office footprint. Kings Tower has an asking price of $800/sqm/per annum.

Meta stated, “We regularly review our office spaces to ensure they suit the needs of the business, and the office in Nigeria is no different. As we shrink our real estate footprint, we’re transitioning to desk sharing for people who already spend most of their time outside the office.”

Despite Meta’s claims that this move is not a scaling back, it marks a significant shift for a company that has consistently invested in Nigeria and prioritized the West African nation. In March 2024, Nick Clegg, Meta’s President of Global Affairs, visited Nigeria and announced the company would begin offering monetization to creators in Q3 2024. He highlighted the global recognition Nigerian creators have achieved using Meta’s platforms to build communities. According to Statista, there are an estimated 43 million Facebook users in Nigeria.

However, it is challenging to determine if these numbers have resulted in substantial revenue growth, as Meta reports Africa’s revenue as part of its “Rest of World” cohort.

Meta is not the only major tech company altering its operations in Nigeria. In May 2024, Microsoft closed the African Development Centre and cut at least 100 engineering jobs. Although Microsoft maintains it remains operational in Nigeria, it chose Kenya for a multi-billion dollar investment in data centers.

By Naija247news
By Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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